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  • 22 APRIL 2013 - BANGKOK, THAILAND: Exchange rates are posted in foreign currency exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.    PHOTO BY JACK KURTZ
    ThaiBahtGains009.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND:    The exchange rate is posted in the window of a tourist curio shop that also operates as a currency exchange in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna. PHOTO BY JACK KURTZ
    ThaiBahtGains014.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND:   People line up to buy Thai Baht at a foreign currency exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.  PHOTO BY JACK KURTZ
    ThaiBahtGains002.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND:   People line up to buy Thai Baht at a foreign currency exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.  PHOTO BY JACK KURTZ
    ThaiBahtGains001.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND:  A European tourist buys Thai Baht at a foreign currency exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.   PHOTO BY JACK KURTZ
    ThaiBahtGains012.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND: People line up to buy Thai Baht at a foreign currency exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.    PHOTO BY JACK KURTZ
    ThaiBahtGains013.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND:    A woman walks buy a TMB currency exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna. PHOTO BY JACK KURTZ
    ThaiBahtGains008.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND:  People line up to buy Thai Baht at a foreign currency exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.   PHOTO BY JACK KURTZ
    ThaiBahtGains007.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND: People wait to buy Thai Baht in a foreign currency exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.    PHOTO BY JACK KURTZ
    ThaiBahtGains005.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND: People walk past a foreign currency exchange on a Bangkok street. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.    PHOTO BY JACK KURTZ
    ThaiBahtGains016.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND:  People line up to buy Thai Baht at a foreign currency exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.   PHOTO BY JACK KURTZ
    ThaiBahtGains006.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND:   People line up to buy Thai Baht at a foreign currency exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.  PHOTO BY JACK KURTZ
    ThaiBahtGains003.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND:   People line up to buy Thai Baht at a foreign currency exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.  PHOTO BY JACK KURTZ
    ThaiBahtGains004.jpg
  • 07 APRIL 2013 - CHIANG MAI, CHIANG MAI, THAILAND:  Tourists buy Thai Baht at a currency exchange in Chiang Mai, Thailand. The Thai Baht has surged against the Euro, Dollar and Pound Streling in the last year making Thailand comparatively more expensive for tourists and expats. Chiang Mai is the largest town in northern Thailand and is popular with tourists and backpackers.       PHOTO BY JACK KURTZ
    ChiangMaiSunday005.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND:   People walk past an exchange booth in Bangkok while foreign visitors to Thailand buy Baht Wednesday. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.  PHOTO BY JACK KURTZ
    ThaiFinancialMarkets009.jpg
  • 07 APRIL 2013 - CHIANG MAI, CHIANG MAI, THAILAND:  Tourists buy Thai Baht at a currency exchange in Chiang Mai, Thailand. The Thai Baht has surged against the Euro, Dollar and Pound Streling in the last year making Thailand comparatively more expensive for tourists and expats. Chiang Mai is the largest town in northern Thailand and is popular with tourists and backpackers.       PHOTO BY JACK KURTZ
    ChiangMaiSunday029.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND:   People walk past an exchange booth in Bangkok while foreign visitors to Thailand buy Baht Wednesday. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.  PHOTO BY JACK KURTZ
    ThaiFinancialMarkets012.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND:   People walk past an exchange booth in Bangkok while foreign visitors to Thailand buy Baht Wednesday. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.  PHOTO BY JACK KURTZ
    ThaiFinancialMarkets011.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND:   People walk past an exchange booth in Bangkok while foreign visitors to Thailand buy Baht Wednesday. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.  PHOTO BY JACK KURTZ
    ThaiFinancialMarkets010.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND:  A woman walks past an exchange booth in Bangkok Wednesday. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.   PHOTO BY JACK KURTZ
    ThaiFinancialMarkets008.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND:   A European tourist in Bangkok counts out his US Dollars before buying Thai Baht at a foreign exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.  PHOTO BY JACK KURTZ
    ThaiBahtGains011.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND:   A European tourist in Bangkok counts out his US Dollars before buying Thai Baht at a foreign exchange kiosk in Bangkok. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.  PHOTO BY JACK KURTZ
    ThaiBahtGains010.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND:  A man watches Thai stocks fall in price at a brokerage house in Bangkok. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.   PHOTO BY JACK KURTZ
    ThaiFinancialMarkets006.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND: A man turns away from the screens as Thai stocks drop Wednesday. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.    PHOTO BY JACK KURTZ
    ThaiFinancialMarkets004.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND:  A person watches the prices of Thai stocks at a brokerage house in Bangkok. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.   PHOTO BY JACK KURTZ
    ThaiFinancialMarkets002.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND:  A man watches Thai stocks fall in price at a brokerage house in Bangkok. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.   PHOTO BY JACK KURTZ
    ThaiFinancialMarkets005.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND:  A person watches the prices of Thai stocks at a brokerage house in Bangkok. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.   PHOTO BY JACK KURTZ
    ThaiFinancialMarkets003.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND: A man monitors stocks he is interested in at a public computer terminal in a Bangkok brokerage house. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.     PHOTO BY JACK KURTZ
    ThaiFinancialMarkets001.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND:  A man watches Thai stocks fall in price at a brokerage house in Bangkok. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.   PHOTO BY JACK KURTZ
    ThaiFinancialMarkets013.jpg
  • 08 JULY 2015 - BANGKOK, THAILAND: People watch Thai stocks at a brokerage house in Bangkok. Thai financial markets and the Thai Baht both lost value Wednesday. The stock market, the Stock Exchange of  Thailand (SET) closed at 1,470.25, down 13.52 or 0.91%, from Tuesday. The Thai Baht closed at 33.90 Baht to 1 US Dollar, it's lowest point since September 2009. Economists blamed the drop in the Chinese stock markets and uncertainty over the EU's handling of the Greek budget crisis for the drops in Thai markets.    PHOTO BY JACK KURTZ
    ThaiFinancialMarkets007.jpg
  • 24 AUGUST 2013 - BANGKOK, THAILAND: Tourists line up to buy Thai Baht at a money exchange booth in Bangkok. Thailand entered a “technical” recession this month after the economy shrank by 0.3% in the second quarter of the year. The 0.3% contraction in gross domestic product between April and June followed a previous fall of 1.7% during the first quarter of 2013. The contraction is being blamed on a drop in demand for exports, a drop in domestic demand and a loss of consumer confidence. At the same time, the value of the Thai Baht against the US Dollar has dropped significantly, from a high of about 28Baht to $1 in April to 32THB to 1USD in August.     PHOTO BY JACK KURTZ
    ThailandRecession049.jpg
  • 24 AUGUST 2013 - BANGKOK, THAILAND: Tourists line up to buy Thai Baht at a money exchange booth in Bangkok. Thailand entered a “technical” recession this month after the economy shrank by 0.3% in the second quarter of the year. The 0.3% contraction in gross domestic product between April and June followed a previous fall of 1.7% during the first quarter of 2013. The contraction is being blamed on a drop in demand for exports, a drop in domestic demand and a loss of consumer confidence. At the same time, the value of the Thai Baht against the US Dollar has dropped significantly, from a high of about 28Baht to $1 in April to 32THB to 1USD in August.     PHOTO BY JACK KURTZ
    ThailandRecession050.jpg
  • 22 APRIL 2013 - BANGKOK, THAILAND:  US Dollars and Thai Baht. The Thai Baht has gained markedly against the US Dollar, the Euro and Pound Sterling in recent months. On Monday, the Baht was trading at 28.57 Baht to 1 US Dollar on Apr. 22. The strengthening Baht means imported goods are cheaper in Thailand, but Thai exports cost more in other countries. It also means tourists and expats who live in Thailand have less money to spend as their currencies buy fewer Baht. The baht has risen 5 percent against the dollar this year to its highest level since before the Asian financial crisis in 1997. The Federation of Thai Industries, which has led calls for the authorities to act to lower the baht, said the rise in the past two weeks had been too rapid and its members were finding it hard to cope with the volatility because as the Baht appreciates their exports become more expensive. Thailand is among the world's leading exporters of rice, chicken, pork, electrical components, cars and is the leading exporter of canned tuna.   PHOTO BY JACK KURTZ
    ThaiBahtGains015.jpg
  • 19 APRIL 2013 - BANGKOK, THAILAND: A currency exchange in the Emporium Shopping Center on Sukhmvit Road in Bangkok. The Thai Baht has appreciated dramatically against the US Dollar, Euro and Pound Sterling in recent months, lessening the spending power of expats who rely on those currencies in Thailand. The Emporium is one of Bangkok's newer, more high end shopping complexes and is popular with both the expat and Thai HiSo (High Society).       PHOTO BY JACK KURTZ
    Bangkok0421002.jpg
  • 19 APRIL 2013 - BANGKOK, THAILAND: A currency exchange in the Emporium Shopping Center on Sukhmvit Road in Bangkok. The Thai Baht has appreciated dramatically against the US Dollar, Euro and Pound Sterling in recent months, lessening the spending power of expats who rely on those currencies in Thailand. The Emporium is one of Bangkok's newer, more high end shopping complexes and is popular with both the expat and Thai HiSo (High Society).       PHOTO BY JACK KURTZ
    Bangkok0421003.jpg
  • 19 APRIL 2013 - BANGKOK, THAILAND:  People wait to change foreign denominations into Thai Baht at an exchange booth in the Phrom Phong BTS station in Bangkok. The Thai Baht has appreciated dramatically against the US Dollar, Euro and Pound Sterling in recent months, lessening the spending power of expats who rely on those currencies in Thailand.   PHOTO BY JACK KURTZ
    Bangkok0421011.jpg
  • 19 APRIL 2013 - BANGKOK, THAILAND: Exchange rates posted on an electronic board in the Phrom Phong BTS Skytrain Station in Bangkok. The Thai Baht has appreciated dramatically against the US Dollar, Euro and Pound Sterling in recent months, lessening the spending power of expats who rely on those currencies in Thailand.   PHOTO BY JACK KURTZ
    Bangkok0421010.jpg
  • 23 AUGUST 2013 - BANGKOK, THAILAND:    Tourists line up at a TMB Exchange Booth at Saphin Taksin/Central Pier to exchange their currencies for Thai Baht. Thailand entered a “technical” recession this month after the economy shrank by 0.3% in the second quarter of the year. The 0.3% contraction in gross domestic product between April and June followed a previous fall of 1.7% during the first quarter of 2013. The contraction is being blamed on a drop in demand for exports, a drop in domestic demand and a loss of consumer confidence. At the same time, the value of the Thai Baht against the US Dollar has dropped significantly, from a high of about 28Baht to $1 in April to 32THB to 1USD in August.    PHOTO BY JACK KURTZ
    ThailandRecession009.jpg
  • 05 DECEMBER 2014 - BANGKOK, THAILAND:  A woman sits in front of a currency exchange booth hoping to catch a glimpse of the motorcade of Bhumibol Adulyadej, the King of Thailand. Thais marked the 87th birthday of the King Friday. The revered Monarch was scheduled to make a rare public appearance in the Grand Palace but cancelled at the last minute on the instructions of his doctors. He has been hospitalized in Siriraj Hospital, across the Chao Phraya River from the Palace, since early October.   PHOTO BY JACK KURTZ
    KingsBirthday2014012.jpg
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Jack Kurtz, Photojournalist & Travel Photographer

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